Featured Stock Update: Tallgrass Energy, LP (NYSE:TGE)

Tallgrass Energy, LP (NYSE:TGE)

Credit Suisse Initiates Coverage On Tallgrass Energy, LP (NYSE:TGE)’s stock to Outperform with the price target of $29. This rating was issued on 10/11/18. The stock recently closed its previous session at $24.73 by showing a percentage change of 4.26% from its previous day closing price of $23.72.

Price Target is basically a projection of future price of a company’s stock by the expert analysis of investment analysts or investment firms. There may be various price targets for a stock. These analysts and investment firms use various valuation methods to decide a price target for a stock.

Several investment firms issued their expert ratings on Tallgrass Energy, LP (NYSE:TGE) in which Goldman Sachs Initiates Coverage On Tallgrass Energy, LP (NYSE:TGE) to Buy by settling a price target of $27 on 10/09/18. Citigroup Maintains the stock to Buy on 9/25/18 by stationing a price target of $27. Morgan Stanley Maintains the company’s stock to Equal-Weight on 8/23/18 by setting a price target of $26. Barclays Reinstates Tallgrass Energy, LP (NYSE:TGE) to Equal-Weight with a price target of $26.

Tallgrass Energy, LP (NYSE:TGE) currently has a consensus Price Target of $26.13. While some analysts have a High Price target for the stock of $29 and a Low Price Target of $23.

Several sell side analysts reviewed their recommendations on Tallgrass Energy, LP (NYSE:TGE) where 3 analyst have rated the stock as Strong Buy, 1 analysts said it’s a Buy, 9 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell. (Current Month Yahoo Finance Ratings)

Zacks Investment Research also rated the stock with a value of 2.33. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.

In the last Quarter, Tallgrass Energy, LP (NYSE:TGE) reported its Actual EPS of $0.02/share. The analysts offering Earnings Estimates for the company were believing that Tallgrass Energy, LP (NYSE:TGE) could bring EPS of $0.39/share. The difference between Actual EPS and Estimated EPS was -0.37 Percent. Thus the company showed an Earnings Surprise of -94.9 Percent.

Tallgrass Energy, LP (NYSE:TGE) has a market capitalization of 6.93 Billion. The stock traded with the volume of 813476 shares in the last trading session. The stock touched its high share price of $28.94 on 11/03/17 and the stock also touched its Lowest price in the last 52-weeks of trading on 03/26/18 as $17.14. The company has a 1 Year high price target of $26. The stock is currently trading with a distance of 20-Day Simple Moving Average (SMA20) of 4.74%. The Moving Average SMA50 is 1.65% while SMA200 is 9.87%.

Tallgrass Energy, LP (NYSE:TGE) is currently showing its ROA (Return on Assets) of -2.8%. The Return on Investment (ROI) is at 10.5% while it’s Return on Equity (ROE) value stands at -25.8%. The stock currently shows its YTD (Year to Date) performance of -3.92 percent while its Weekly performance value is 1.35%. The Monthly and Yearly performances are 6 percent and -11.52 percent respectively. The Relative Volume value measured for Tallgrass Energy, LP (NYSE:TGE) is 0.75. The Average Volume (3 months) is 1.09 Million.

The stock currently has its Annual Dividend of $1.71 and an annual Dividend Yield of 6.91 Percent. TGE has P/E (Price to Earnings ttm) value of 35.69, Forward P/E of 13.53, P/C (Price to cash per share) of 1380.48 and Price to Free Cash Flow (P/FCF) value of 18.14. The stock is showing its Operating Margin of 43.2 percent.

Company Profile:

Tallgrass Energy GP, LP is a limited partnership company. The company is engaged in the transportation, storage and processing of natural gas, the transportation of crude oil and the provision of water business services primarily to the oil and gas exploration and production industry through its subsidiary. Tallgrass Energy GP, LP is based in LEAWOOD, United States.